Non-ferrous metal economy rebound demand improvement

Non-ferrous metal economy rebound demand improvement China PMI data shows that the economy is expanding and each data confirms that the economy has bottomed out. Spain's 10-year Treasury yields have risen to nearly 5.5%, German and US Treasury yields have fallen, and the VIX index has been low. The dollar index rose by 0.32%, and oil prices dropped by 3.35%. Review of metal prices. The basic metal prices stabilized. The recovery of China's economic data confirms that the economy has made a soft landing. The US economic data continues to improve, and the metal prices are positive. However, the US fiscal cliff worries and the U.S. dollar index upwards have inhibited the metal price increase. Eventually, the LMEX index has dropped slightly by 0.20%, among which LME copper* * Up 40 US dollars (0.50%), domestic copper prices rose 360 ​​yuan. LME metal stocks increased or decreased, with copper inventories increasing by 7,050 tons and domestic copper inventories increasing by 891 tons. The price of gold fell by $7.20. The euro area is expected to cut interest rates further, but the dollar index is up, suppressing gold prices.

Small metal prices are divided. Last week, domestic tungsten concentrate prices continued to rise, but overseas APT prices are still falling. At the same time, the prices of molybdenum concentrate and molybdenum oxide rebounded slightly and they are now stabilizing. The price of hafnium, cobalt, domestic manganese and magnesium fell. The price of titanium and vanadium rose, and the price rise of rare earth prices stagnated. Only the price of antimony oxide increased. Colored plates rose 3.76%, weaker than the broader market. PMI data improved, China's economy expanded, and at the same time, the Politburo meeting set a tone for economic policies. The stable monetary policy was paired with aggressive fiscal policy. The broader market rose by 5.01% over the week. Among the various sectors, the more flexible copper sector was up 5.51%, the lead-zinc sector was up 5.01%, and the small metal sector was up 4.84%.

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Customized Carbide Taps are  tools for processing internal thread. According to the shape, it can be divided into a spiral tap and a straight blade tap. According to the use environment, it can be divided into a Hand Tap and a machine tap. According to the specifications, it can be divided into metric, American and British taps. Taps are the primary tool for manufacturing operators to machine threads.



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     We are specialize in manufacturing PCD diamond tools and Carbide tools. Our major product inclulde PCD Inserts , PCD Reamers , PCD End Mills, PCD Taps, Cabide Inserts,Carbide Drills, Carbide Reams, Taps etc., 


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